In a statement to the Singapore Stock Exchange, where TTA is listed, it says that it has acquired 60m shares in Sino Grandness, an investment that cost SGD 24.45m ($18.35m), via its investment vehicle Soleado Holdings.
TTA is now the largest single shareholder Sino Grandness and has one seat on the board.
Commenting on the deal, TTA President and CEO Chalermchai Mahagitsiri said: “In 2014 we made significant strides forwards in honing our vision and strategy and building upon our existing portfolio of bulk shipping, energy and infrastructure businesses.”
“In
